TIDMQLT
RNS Number : 7317T
Quilter PLC
16 November 2023
16 November 2023
Quilter plc
Results of the Odd-lot Offer and transaction in own shares
Quilter plc ("Quilter" or the "Company") announces that
following the closure of the Odd-lot Offer on Friday 10 November
2023, the Company intends to purchase a total of 15,798,423 of its
own ordinary shares of 8 1/6 pence each (the "Odd-lot Shares") into
Treasury on Monday 27 November 2023 (the "Implementation Date").
This is constituted of:
i) 291,711 ordinary shares held on the UK share register at a
price of 88.10 pence (GBP) per share; and
ii) 15,506,712 ordinary shares held on the South African share
register at a price of 2,008.91 cents (ZAR) per share.
The Odd-lot Offer was implemented on Monday 18 September 2023 in
order to reduce the Company's shareholder base, which was unusually
large for a company of its size. Following the implementation of
the Odd-lot Offer, the Company's shareholder base will reduce by
circa 60% (126,011 shareholders). This will lower administrative
costs, including, for example, the costs of printing and
distributing financial statements, circulars and notices.
As set out in the announcement made on Friday 20 October 2023,
the above prices were calculated as follows:
i) in the case of ordinary shares held on the UK Register, a 5%
premium to the volume weighted average price of ordinary shares
traded on the London Stock Exchange over the five trading days
prior to Friday 20 October 2023; and
ii) in the case of ordinary shares held on the SA Register, a 5%
premium to the volume weighted average price of ordinary shares
traded on the Johannesburg Stock Exchange over the five trading
days prior to Friday 20 October 2023.
Odd-lot Holders recorded on the UK Register will be paid in
pounds sterling by direct credit. If we do not hold a shareholder's
bank or building society details, a cheque in pounds sterling will
be issued.
Odd-lot Holders on the SA Register will be paid in rand by
direct credit. No cheques will be issued. Shareholders who
participate in an Odd-lot Offer and who hold their ordinary shares
on Strate through a CSDP or broker will receive payment in
accordance with the mandate signed between the CSDP or broker.
Payment will be made at the risk of the relevant Odd-lot Holder
on the Implementation Date.
The Odd-lot Shares represent approximately 1.13% of the existing
issued share capital of the Company and will be purchased into
Treasury. Subsequently, and on the Implementation Date, the Company
intends to transfer the Odd-lot Shares out of Treasury for nil
consideration to the Trustee of the Quilter Employee Benefit Trust.
As a result, the Company will hold no ordinary shares in Treasury
and the total number of ordinary shares in issue will be
1,404,105,498. These transfers will be confirmed by a separate
announcement on the Implementation Date.
Enquiries:
Quilter
John-Paul Crutchley - Head of Investor Relations Tel: +44 (0)7741 385 251
Clare Barrett - Company Secretary Tel: +44 207 002 7072
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Registrars
If you are a Quilter shareholder and have a question about the
Odd-lot Offer or your Quilter shares, please contact our Registrars
using the contact details below.
Shareholders on the UK Register
Equiniti Equiniti Limited, Aspect House, Spencer Road, Lancing, West Sussex BN99 6DA
https://help.shareview.co.uk
Tel: +44 (0)333 207 5953*
Please use the country code when contacting Equiniti from outside the UK
*Lines are open Monday to Friday between 08:30 and 17:30 (UK time), excluding public holidays
in England and Wales
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Shareholders on the South African Register
JSE Investor Services (Pty) Limited JSE Investor Services (Pty) Limited, PO Box 10462, Johannesburg, 2000, South
Africa
Email: oddlot@jseinvestorservices.co.za
Tel: 086 140 0110/086 154 6566 (calling from South Africa)
Tel: +27 11 029 0251/+27 11 029 0253 (calling from overseas)
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Shareholders in Namibia
Transfer Secretaries (Pty) Limited Transfer Secretaries (Pty) Limited, PO Box 2401, Windhoek, Namibia
Email: ts@nsx.com.na
Tel: +264 (0) 61 227 647
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Shareholders in Malawi
National Bank of Malawi plc National Bank of Malawi plc, Legal Department, PO Box 945, Blantyre, Malawi
Email: legal@natbankmw.com
Tel: +265 (0) 182 0622
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Shareholders in Zimbabwe
Corpserve Registrars (Private) Ltd Corpserve Registrars (Private) Ltd, PO Box 2208, Harare, Zimbabwe
Email: corpserve@escrowgroup.org
Tel: +263 (0) 242 751 559/+263 (0) 242 751 561
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About Quilter plc:
Quilter plc is a leading UK-centric wealth management business,
helping to create prosperity for the generations of today and
tomorrow.
Quilter oversees GBP101.4 billion in customer investments (as at
30 September 2023).
It has an adviser and customer offering spanning financial
advice, investment platforms, multi-asset investment solutions, and
discretionary fund management.
The business is comprised of two segments: Affluent and High Net
Worth.
Affluent encompasses the financial planning businesses, Quilter
Financial Planning, the Quilter Investment Platform and Quilter
Investors, the Multi-asset investment solutions business.
High Net Worth includes the discretionary fund management
business, Quilter Cheviot, together with Quilter Private Client
Advisers.
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